Series-7問題集、FINRA実際の試験問題

質問 1

When the market value in a long margin account decreases, the SMA will:

A. increase

B. stay the same

C. fluctuate

D. decrease

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 2

In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600. In April, Bubba exercises the put option and uses his stock for delivery.
What is his resulting tax consequence?

A. this is a wash sale and cannot be included in the investor's tax calculations

B. neither profit nor loss

C. a $600 capital loss

D. cannot be determined without knowing the market price of XYZ upon exercise

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 3

Which of the following situations is possible for a writer of a covered call option?

A. selling the security, he already owns

B. depositing margin into his account

C. purchasing a put option to hedge against unlimited loss potential

D. buying the underlying stock if the call is exercised

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 4

Who owns a corporation?

A. the holders of common stock

B. the government

C. the owners of debentures

D. the holders of common stock and the holders of preferred stock

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 5

Bubba entered an order to sell long 100 shares of XYZ at 38.75 stop limit. Thereafter, the following round-lot transactions occurred: 38.75, 38.65, 38.50.
At what price was Bubba's order executed?

A. it was never executed

B. 38.65

C. 38.50

D. 38.75

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 6

Bubba plans to borrow some money and pledge securities as collateral.
Which of the following can he not use as collateral?

A. Series EE bonds

B. US treasury notes

C. US treasury bonds

D. US treasury bills

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 7

The most common type of bond issued by a well-established company is:

A. a convertible

B. an open-end mortgage

C. a senior secured note

D. a debenture

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 8

Which of the following is not a practice of a mutual fund custodian?

A. changing shareholder registrations on the fund's records

B. lending the fund's securities to banks or broker/dealers

C. maintaining sales records for the fund's underwriter

D. disbursing dividends and capital gains to the fund's shareholders

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 9

Which of the following clients could not open a margin account?

A. a corporation

B. a custodian under UGMA

C. an uncovered option writer

D. a husband and wife in a joint account

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 10

A registered representative just accepted Bubba's instructions to buy a specific stock in the over-the-counter market with the credit balance in his account.
Which of these orders for that issue can be entered and executed on a single ticket in a typical broker/dealer organization?

A. all of these

B. buy 150 XYZ at market

C. buy 150 XYZ at 17.50 or better

D. buy $2,500 worth of a mutual fund XYZ Corporation

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 11

Which of the following is not a characteristic of treasury bills?

A. they are quoted on yield-to-maturity percentages

B. the bid price is higher than the offer price

C. their payments are exempt from state income tax

D. they mature one to three years from the date of issuance

正解: D

解説: (PassTest メンバーにのみ表示されます)

FINRA General Securities Representative Qualification Examination (GS) - Series-7 模擬練習